Author: Derek Beard

Press Releases

Park Lawn Withdraws Offer to Purchase Carriage Services, Inc.

TORONTO, ONTARIO/October 2, 2023/ACCESSWIRE – Today, Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) announced that it has declined to participate further in Carriage Services, Inc.’s (NYSE: CSV) (“Carriage”) previously announced strategic review process and that it has withdrawn its all cash proposal to purchase the outstanding stock of Carriage. Park Lawn does not intend to comment further on its withdrawal from Carriage’s strategic review process or regarding the withdrawal of its offer unless it deems further disclosure is appropriate or required. About Park Lawn Corporation: PLC provides goods and services associated with the disposition and memorialization of human remains.  Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). 

Park Lawn Corporation Announces Third Quarter 2023 Dividend

TORONTO, ONTARIO – (September 22, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on October 16, 2023 to shareholders of record as at September 29, 2023. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less

Park Lawn Increases its Presence in the Sioux City Metropolitan Area

TORONTO, ONTARIO/August 30, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all the assets of Christy-Smith Funeral Homes located in Sioux City, Iowa (collectively “Christy-Smith”).  The Christy-Smith acquisition expands Park Lawn’s footprint in the Sioux City, Iowa metropolitan market through the addition of two (2) stand-alone funeral homes and is anticipated to close in mid-October 2023 following the receipt of regulatory approval. “We are excited for the opportunity to further expand our operating position in the Sioux City metropolitan area through the strategic acquisition of Christy-Smith,” said J. Bradley Green, Chief Executive Officer of PLC.  Mr. Green continued, “These businesses will

Park Lawn Corporation Continues its Ontario Expansion

TORONTO, ONTARIO – (August 14, 2023) – Park Lawn Corporation (TSX:PLC; PLC.U) (“PLC” or “Park Lawn”) is pleased to announce that it has acquired the assets of Forrest & Taylor Funeral Home Limited (“Forrest & Taylor”), a standalone funeral home business in Sutton, Ontario.  “Since Forrest & Taylor began in the late 1880s, we have had the privilege of serving the families of Sutton and its surrounding communities.  Through our partnership with Park Lawn, we are excited to be able to continue providing an unparalleled level of service with the tradition that began over a century ago,” said Greg and Carole Forrest, former owners of Forrest & Taylor. J. Bradley Green, Chief Executive Officer of PLC stated, “We are pleased

Park Lawn Corporation Announces Q2 2023 Results

TORONTO, ONTARIO (August 10, 2023) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its financial operating results for the second quarter (“Q2”) ended June 30, 2023. Financial Results for the Three-Month Period Ended June 30, 2023[1]: J. Bradley Green, Chief Executive Officer of PLC, commented, “We are proud of our operating results this quarter as our overall performance demonstrates the ability of our team to incrementally improve their business operations in a challenging macroeconomic environment while simultaneously staying true to our mission to deliver the highest level of service to our families.”  Mr. Green continued, “Despite a slightly depressed death rate, we were nonetheless able to maintain strong market share in the communities

Park Lawn Second Quarter 2023 Financial Results Released on Thursday, August 10, 2023 and Earnings Conference Call on Friday, August 11, 2023 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (July 28, 2023)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its second quarter financial results for 2023 on Thursday, August 10, 2023.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, August 11, 2023 to discuss its Q2 2023 financial results.  Details of the conference call are as follows:  To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own

Park Lawn Completes Acquisition of Ward

TORONTO, ONTARIO/July 17, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Ward Funeral Home Limited (collectively, “Ward”).  The Ward acquisition expands Park Lawn’s footprint in the Greater Toronto Area through the addition of three (3) stand-alone funeral homes located in Brampton, Woodbridge and Toronto, Ontario. “For over 100 years and four generations, our family has been serving the communities of the Greater Toronto Area with care and integrity in honouring the memories of their loved ones.  We are excited to join an organization that aligns with our values and prioritizes the service of families above all else,”

Park Lawn Corporation Responds to Market Rumours Regarding a Potential Acquisition of Carriage Services, Inc.

TORONTO, ONTARIO (June 29, 2023) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn”, “PLC”, or the “Company”) today confirmed, in response to industry media rumors, that it has submitted a preliminary all cash proposal to the Board of Directors of Carriage Services, Inc. (NYSE: CSV) (“Carriage”) to purchase all of the outstanding stock of Carriage.  The proposal was made confidentially and subject to the completion of satisfactory due diligence and the negotiation and execution of a mutually satisfactory definitive acquisition agreement. The Company takes a disciplined approach to acquisitions with clearly defined strategic and financial criteria, and is committed to maintaining a prudent capital structure. Park Lawn has partnered with a large private equity firm and does not anticipate

Park Lawn Deepens its Georgia Presence

TORONTO, ONTARIO/June 26, 2023/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has completed the acquisition of substantially all the assets of Cobb Funeral Chapel and Cobb Suncrest Memorial Gardens, a business consisting of one on-site funeral home and cemetery located in Moultrie, Georgia (collectively “Cobb”).  “Park Lawn has further expanded its strategic growth in the southeast United States through the addition of Cobb.  The Cobb business has an exemplary reputation and has been a staple of its community for nearly fifty years.  We are excited to welcome the Cobb team to the Park Lawn family,” said J. Bradley Green, Chief Executive Officer of PLC.  “Since 1974, we have proudly served

Park Lawn Corporation Announces Second Quarter 2023 Dividend

TORONTO, ONTARIO – (June 23, 2023) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on July 17, 2023 to shareholders of record as at June 30, 2023. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less

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